Global Wealth Management LLC Has $24.53 Million Stock Holdings in Schwab US Broad Market ETF $SCHB

Global Wealth Management LLC reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 954,007 shares of the company’s stock after selling 43,927 shares during the quarter. Schwab US Broad Market ETF makes up about 12.9% of Global Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Global Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $24,528,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SCHB. Brighton Jones LLC boosted its holdings in shares of Schwab US Broad Market ETF by 1,209.6% in the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock valued at $5,190,000 after buying an additional 211,168 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Schwab US Broad Market ETF by 197.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after acquiring an additional 14,279 shares during the last quarter. Comerica Bank lifted its holdings in Schwab US Broad Market ETF by 33.3% in the first quarter. Comerica Bank now owns 15,506 shares of the company’s stock worth $334,000 after acquiring an additional 3,870 shares during the last quarter. Ieq Capital LLC boosted its stake in Schwab US Broad Market ETF by 198.1% in the first quarter. Ieq Capital LLC now owns 113,377 shares of the company’s stock valued at $2,441,000 after acquiring an additional 75,345 shares during the period. Finally, MAI Capital Management grew its holdings in shares of Schwab US Broad Market ETF by 1.2% during the first quarter. MAI Capital Management now owns 1,006,158 shares of the company’s stock valued at $21,663,000 after purchasing an additional 12,328 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $26.58 on Monday. The stock has a market capitalization of $38.67 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a twelve month low of $18.52 and a twelve month high of $26.63. The business’s 50 day simple moving average is $26.11 and its 200-day simple moving average is $25.18.

Schwab US Broad Market ETF Company Profile

Schwab U.S. Broad Market ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the Index). The Index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace. The Fund’s index includes the 2,500 publicly traded United States companies for, which pricing information is available. The types of derivatives used by the Fund are options, futures, options on futures and swaps.